Guideline Value for Anna Salai 4th Cross Street

Anna Salai 4th Cross Street guideline value

The current guideline value of Anna Salai 4th Cross Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village and falls under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Anna Salai 4th Cross Street has changed

The guideline value for Anna Salai 4th Cross Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,500 per sq.ft, an increase from Rs 2,300 per sq.ft in 2023, reflecting a change of +9%. Prior to that, the 2017 revision recorded a value of Rs 1,541 per sq.ft, which shows a significant increase of +49% from the 2017 figure to the 2023 figure. The 2012 revision had a value of Rs 2,300 per sq.ft, indicating a decrease of -33% from the 2012 to 2017 period. Overall, from 2012 to 2024, the guideline value has increased by +9%.

The register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 revision was the first recorded value, and it has seen changes since then, with the most recent value reflecting the current market conditions as of 2024.

Guideline values in Erukancherry

In Erukancherry, there are a total of 376 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median guideline value for these streets is Rs 2,500 per sq.ft, which is the same as the current value for Anna Salai 4th Cross Street.

• Anna Salai 3rd Cross Street: Rs 2,500 per sq.ft (2024)
• Anna Salai 5th Cross Street: Rs 2,500 per sq.ft (2024)
• Anna Salai 2nd Cross Street: Rs 2,500 per sq.ft (2024)
• Anna Salai 1st Street: Rs 2,500 per sq.ft (2024)
• Anna Salai Vasuki Ammal Layout: Rs 2,500 per sq.ft (2024)
• Anna Salai 1st Cross Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Salai 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total fees together to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Salai 4th Cross Street?

The Anna Salai 4th Cross Street is covered by the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Erukancherry

The guideline value is a crucial factor during property transactions in Erukancherry, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, which can help maintain transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to ensure they meet the legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Anna Salai 4th Cross Street?

The current guideline value of Anna Salai 4th Cross Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,541 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2024, with various increments and decreases in between, including a recent increase of +9% from 2023 to 2024.

What is the land classification for Anna Salai 4th Cross Street?

Anna Salai 4th Cross Street is classified as Residential Class III Type - I, which indicates its suitability for residential purposes.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, for a property valued at Rs 25,00,000, the total fees would amount to Rs 2,25,000.